Financial Intermediaries Act 1996
sec.132Register of members
Start here
Get a plain-English read of sec.132
Turn the raw legal text into a practical explanation grounded in Financial Intermediaries Act 1996.
sec.132 Register of members
A society must keep a register of members of the society and enter in the register— the names and addresses of the members; and the date of admission to membership; and any other information prescribed under a regulation. Maximum penalty—160 penalty units. The register of members is evidence of membership of the society. A member is entitled to have access only to the part of the register of members in which particulars of his or her membership are entered. Subject to subsection (3) , a society may refuse to allow a person to have access to the register of members unless the person satisfies the society that the person requires access to— call a meeting of members; or undertake some other activity approved by the registrar. Before a society allows a person, who has satisfied the society under subsection (4) , to have access to the register of members, the society may require the person to enter into a contract with the society under which the person undertakes— to restrict access to the information obtained by the person from the register to persons identified in the contract; and to restrict use of the information obtained by the person from the register to a stated purpose. s 132 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.132-ssec.1) A society must keep a register of members of the society and enter in the register— the names and addresses of the members; and the date of admission to membership; and any other information prescribed under a regulation. Maximum penalty—160 penalty units. (sec.132-ssec.2) The register of members is evidence of membership of the society. (sec.132-ssec.3) A member is entitled to have access only to the part of the register of members in which particulars of his or her membership are entered. (sec.132-ssec.4) Subject to subsection (3) , a society may refuse to allow a person to have access to the register of members unless the person satisfies the society that the person requires access to— call a meeting of members; or undertake some other activity approved by the registrar. (sec.132-ssec.5) Before a society allows a person, who has satisfied the society under subsection (4) , to have access to the register of members, the society may require the person to enter into a contract with the society under which the person undertakes— to restrict access to the information obtained by the person from the register to persons identified in the contract; and to restrict use of the information obtained by the person from the register to a stated purpose.
- (a) the names and addresses of the members; and
- (b) the date of admission to membership; and
- (c) any other information prescribed under a regulation.
- (a) call a meeting of members; or
- (b) undertake some other activity approved by the registrar.
- (a) to restrict access to the information obtained by the person from the register to persons identified in the contract; and